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HomeMy WebLinkAbout0560 OrdinanceORDINANCE NO. 560 AN ORDINANCE PROVIDING FOR THE IMPROVING OF THE PASCO MUNICIPAL NATER SYSTEM BY THE ADDITION THERE TO OF A FILTRATION PLANT AND, THE PATMENT..OF SAID.FILTRATION PLANT -BY -THE ISSUANCE OF BONDS TO BEAR INTEREST NOT°TO EXCEED THREE PER CENT.(3%).PER ANNUM, PAY- ABLE SFMI-ANNUALLY:. SAID BUNDS TO*BF ISSUED AND'PAYABL'E AT -SUCH TIMES AND PLACES AS THE CITY COUNCIL MAY DETERMINE AND TO BE PAYABLE OUT OF A- SPECIAL FUND TO BE''CREATED AND ESTABLISHED BY THE CITY..COUNCIL.. SAID FUND TOBE. KNOWN AS ."PASCO SPECIAL. FIL- TRATION BOND FUND" OR ANY ADDITIONS TO SAID FUND WHICH SHALL HEREAFTER BE CREATED AND PROVIDED.FOR BY THE CITY•COUNCIL;.AND PROVIDING.THAT THE SAID BONDS SHALL BE AND REMAIN A LEIN UPON TAXABLE PROPERTY OF THE CITY OF PASCO AND PROVIDING FOR THE. SUBMITTING TO THE QUALIFIED ELECTORS OF'THE.CITY OF PASCO OF THE SAID PROPOSED BOND ISSUE FOR.THEIR APPROVAL OR REJECTION.. The.City Council of the City of yas'co.,do ordain as follows: SECTION ONE:, The.Mayor and City Council.of the City of Pasco will submit to the qualified voters of said City for their ra- tification or rejection the proposition of improving the mu- nicipal water system by adding'a filtration plant thereto and paying for the same by the issuance of General Obligation bonds as set out in the following.sections of .this ordinance, said proposition to be submitted t.o the qualified electors of the .said City at'a special election to be held oh.the 6th day of November- 1945, pursuant to noticel.,to b e g, den_ as., provided by.. law. SECTION T,NQ:'- The said filtration plant is to be in accord-' ance with the report and recommendations of J.W..Cunningham & Associates; consulting engineers-; of Portland, Oregon, which said report is on file with the City Clerk, and the City Council shall have authority to'build a filtration plant of a capacity* of six (6) million gallons per.day, together with authority'to make an expenditure out of the proceeds of said bond issue not exceeding one hundred twenty seven thousand (q`p127,000.00) dollars. SECTION THREE: That the total estimated cost of the filtration plant under this ordinance shall not exceed two hundred sixty thousand ($260;000.00)' dollars. SECTION FOUR: It is the' -intention of the City Council of the City of Pasco to issue and.sell bonds bearing interest not to exceed three (3)'percent.payable semi -.annually to be'executed in such manner' -and payable at such times and places as the City Council may determine to pay the.cost of the said filtration „ plant, such bonds and interest thereon shall be payable only out of a special fund to 'be created by ordinance of the .City . of Pasco and-;to�'be known as the "Pasco Special'Filtration Bond Fund: The bonds to be issued, and sold shall not exdeed the sum of one hundred twenty seven thousand ($127,000.00) dollars and the proceeds shall be used only for providing the said filtration plant. The said. -bonds shall mature at such times as shall be fixed by the City Council in not,more than fifteen (1.5) years from the date of their issue and shall be serial in form and issued in accordance with the laws of the State of Washington. SECTION FIVE: Any and all.bonds issued as herein provided and in- accordance .with the laws of -the State, of Washington: shall be a lien against the entire -taxable property of the City of. Pasco and .allsuch bonds. so issued "shall contain an appropriate reference to. the ordinance, to 'the law of the State of Washington and to the rights of the bond holders a nd shall define the ob- ligation -therein created. SECTION SIX: 'If the proposition herein outlined shall be approved by the qualified voters of the City of" Pasco,then, in that event, the -City Council shall forthwith proceed to cause the necessary preliminary steps to be taken for the building of said filtration plant and may expend therefor from the general fund of the City of Pasco a sum not to exceed $1,000.00 which amount is deemed necessary.for such preliminary.work and which amount shall be' returned to 'the general fund. -of the. City from theponies derived from the sale of bonds herein provided. SECTIONS EVEN: If the propositions herein outlined shall be adopted.by the voters of the City of Pasco in the said election, the City Council shall employ.an engineer who shall prepare full detailed plans and specifications covering the said filtration v Plant and file the said plan and specifications in the office of the Clerk.and shall.include with the.said'plans and. specifications a detailed estimate of the,probable cost of said filtration -plant and shall -offer -the said bonds for sale*in the manner provided by law and make any and all contracts.necessary and proper to be made for.the construction of said filtration plant. SECTION EIGHT: The proposition•t.o be submitted to the qualified voters of the City of Pasco, as herein provided shall be voted upon in the following manner; Every qualified elector desiring to vote in favor of the proposition herein outlined,* to -wit, that the City of'Pasco build and install a filttration.plant as provided in this.ordinance-shall do so by marking a. cross opposite the word styes'', and.' every . qualified elector,desiring•to.vote against said proposition'shall make a cross opposite the word 11no". to -wit: BALLOT TITLE Shall the City issue bonds against the taxable property of the Cityfo r127,000.p0` for construction`of amunicipal filtration plant. for Yes against No SECTION NINE:. This ordinance shall take effect five (5 ) days after its passage and publication. Passed and. approved this. ',day of 19450 Attest: